A concise trade plan for a short-term or swing trade.

#CanaryFilesSpotPEPEETF $GT ‌

🔍 Current Market Snapshot

· Price: ~6.52 USDT
· 24H Range: 6.45 – 6.64
· Bollinger Bands (20,2):
· UB: 6.55 (resistance)
· MB: 6.53 (midline / pivot)
· LB: 6.51 (immediate support)
· MACD: Near zero — no strong momentum.

📈 Trade Plan (Long setup)

Entry Zone:

· 6.51 – 6.53 (near LB or MB)

Stop Loss:

· Below 6.49 (or 6.45 for wider stop)

Targets:

· TP1: 6.55 (upper band)
· TP2: 6.60
· TP3: 6.64 (24H high)

Risk/Reward (approx.):

· Risk: ~0.04–0.06
· Reward to TP1: ~0.03–0.04 → R:R ~0.5–1
· Better reward if targeting 6.60+.

🚫 Short setup (if price rejects UB)

· Entry: 6.55–6.56
· Stop: Above 6.58
· Targets: 6.53 → 6.51 → 6.48

⚠️ Key Notes

· Low momentum (MACD flat) → wait for a clear 5–15m candle close above MB for longs, or below LB for shorts.
· Low volume (75k GT) → slippage unlikely but liquidity moderate.
· Avoid trading inside the 6.51–6.53 zone without direction.